Greg Hunter interviews Michael Pento, economist and money manager at Pento Portfolio Strategies and author of The Coming Bond Market Collapse, about the economy, debt, bonds, and precious metals.

Topics:

• (00:34) What is going on in the economy? -- global debt has increased to $240 trillion, global bond market is in the process of bursting, Argentina;
• (05:08) What do you make of the statement "emerging markets, you are on your own"? -- worldwide depression is coming as a result of enormous worldwide debt;
• (09:00) You see a worldwide synchronized recession coming, right? -- zombie businesses issuing bonds to pay interest, the condition of the world is very fragile;
• (14:06) How bad is this going to be for the average person? -- it is going to be a brutal and protracted depression, runaway inflation;
• (19:18) How much do you think the price of gold and silver can go up? -- take physical possession of precious metals now, later this year gold to all-time highs and silver to $40 per troy ounce;
• (22:51) Do you think it will be so bad that people stop selling precious metals? -- there will be a super-spike in precious metals;
• (25:10) Are you talking about debt destruction? -- debt monetization is coming, resulting in gold at $10,000 per troy ounce;
• (28:34) You are saying there will be a default in U.S. Treasury bonds?;
• And more...

31 minute video by Greg Hunter published 8 May 2018

Link Associated with this Interview

Worldwide Depression Coming, Buy Gold – Michael Pento

Source:

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